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LEDGER ENTRIES
CONTENT
- Meaning of Ledger
- Items on a Ledger/Ledger Entries
- Single Column Cash Book
- How to Record Cash Received/Payment
Meaning of Ledger
A ledger is the principal book of account where all accounting entries are recorded. It usually has numbered pages to enable it to be easily identified from other book of account. Each page is called a Folio, and the number in it is called Folio number. A Ledger is drawn as follows:
Items on a Ledger/Ledger Entries
Single Column Cash Book
The single Column Cash Book is drawn as follows:
ILLUSTRATION
Enter the following transaction in the single column cashbook of Mr. Eze for the month of October, 2016.
Oct 1 Started business with #4300 cash
Oct 8 Bought goods worth #500
Oct 20 Sold goods for cash #1800
Oct 28 Paid rent for cash #200
Oct 30 Received a cash loan of #4000 from S.
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ClassHall Instructor
Halima Ahmadu
Maryam
Abdul tawwab
Honour Daniel
Wilfred Bassey